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Daily Recommendations on Major -EUR/USD

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 1, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    DAILY MARKET OUTLOOK Update Time: 01 Dec 2015 01:17 GMT EUR/USD - 1.0568 Yesterday's marginal weakness below last Wednesday's 7-month trough of 1.0565 to 1.0558 in New York suggests euro's medium-term downtrend would resume after consolidation and reckon 1.0595/05 res area would hold and yield one more fall. However, near term loss of momentum should keep price above daily sup at 1.0521 today and bring a long-overdue correction later. On the upside, a daily close above 1.0605

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